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Vivera Pharmaceuticals Announces New Rapid COVID-19 Test

Newport Beach, California--(Newsfile Corp. - March 20, 2020) - Vivera Pharmaceuticals, Inc., a pharmaceutical company focused on putting patients first, today announces a new partnership with Pharmact AG, a leading German manufacturer of rapid diagnostic testing kits. The CoV-2 Rapid Test is an easy to use, rapid diagnostic tool for determination of COVID-19 infection in patients displaying clinical symptoms.

Vivera has obtained exclusive rights to market and distribute the test in the United States. As part of this, Vivera has submitted an Emergency Use Authorization application to the FDA. Under the EUA, the CoV-2 Rapid Test is intended to detect SARS-CoV-2 antibodies IgM and IgG in patients. Unlike other tests currently marketed, the CoV-2 Rapid test can further determine infection phase. A positive IgM value indicates an infection in the early phase of the disease (4 to 10 days), and a positive IgG value indicates a later phase (from 11 - 24 days). Results are available in 20 minutes, and require only two drops of blood from the patient.

"These kits are designed for rapid in the field testing," says Dr. Stephen McColgan, Vivera's Chief Medical Officer. "When you have thousands of potential patients, you do not have time to wait for labs that can only process a few hundred test results a day. Infection phasing is important to adequately triage patients immediately."

Pharmact CEO Eric Schaber said in a statement. "We are confident that our point-of-care tests will be critical to help tackle what is a global pandemic. We are looking forward to exclusively working with Vivera to import and distribute our tests in the United States. Their footprint and expertise means more patients can be helped more efficiently."

Vivera founder and CEO, Paul Edalat, further stated. "We look forward to working with Pharmact to assist in treating this global crisis. As a company Vivera focuses on therapies that put patients first. President Trump has announced that he is asking all pharmaceutical and medical companies to do their best to assist in this crisis. On behalf of Vivera we are ready and willing to do our part."

About Vivera Pharmaceuticals, Inc.

Vivera Pharmaceuticals, Inc. is an innovative, science-driven pharmaceutical company focused on novel therapies for a variety of indications.

In addition to its pharmaceutical and medical device products, the company has global exclusivity to license the patented and patent-pending TABMELT™ sublingual drug-delivery system for the pharmaceutical use of cannabinoid compounds. The company is vertically integrated with patented technology, manufacturing capabilities and distribution for its products.

Founded in 2014, Pharmact AG is a German pharmaceutical company headquartered in Berlin, Germany. The company's research center and sales office are both based in Mannheim. Pharmact is operated in Spain by Pharmact Healthcare S.L. in Alicante and the United States by Pharmact Healthcare Inc. in Chapel Hill, North Carolina. Behind an international team of medical experts, the company focuses on preventing disease through early detection.

The securities described herein, if any, have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of Vivera Pharmaceuticals securities in the United States. This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact included in this release, including, without limitation, future operating margins, future production and processing, processing results, and future plans and objectives of Vivera Pharmaceuticals, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of Vivera Pharmaceuticals and its subsidiaries as a going concern, general economic and market conditions, price of biomass, the accuracy of production resource estimates, and the performance of Vivera Pharmaceuticals future operations. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information. Important factors that could cause actual results to differ materially from Vivera Pharmaceuticals' expectations include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. For additional information with respect to risk factors applicable to Vivera Pharmaceuticals, reference should be made to Vivera Pharmaceuticals continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Vivera Pharmaceuticals CSE Listing Statement. The forward-looking information contained in this release is made as of the date of this release. Vivera Pharmaceuticals does not intend, and expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. The CSE has not reviewed, approved or disapproved the contents of this press release.